Russia and Azerbaijan have struck a raft of deals in the energy sector following talks between their presidents in Sochi on September 1.
Russian state lender Sberbank has filed claims worth over 4.4 billion rubles (US$65 million) against a junior gas producer in the Far East over unpaid debts.
Russia’s Proxima Capital has offloaded its 20% stake in Ukraine-focused oil producer JKX Oil & Gas to a company controlled by a local politician.
The five Caspian littoral states have struck a deal on the division of the sea. In so doing, they have taken an important step towards resolving a dispute that has remained unresolved since the...
Iran and Turkmenistan are seeking arbitration for their long-standing dispute over late payments for natural gas supplies.
Novatek has spudded its first well off Russia’s Arctic shore, where it is developing a major hub for LNG exports.
SOCAR Polymer, a petrochemicals division of Azerbaijan’s national oil company (NOC) SOCAR, has cut the ribbon on a new polypropylene (PP) plant near Baku.
Gazprom has signed off on the development of another supergiant gas field on the Yamal Peninsula – a region tipped to become Russia’s next biggest hub for gas production.
Russia’s government has taken an important step towards reforming the taxation regime governing the oil industry.
South Korea’s state-run Korea Gas Corp. (KOGAS) could land a stake in Russia’s planned US$25.5 billion Arctic LNG-2 terminal.
The digitisation of Russia’s oil industry is estimated to cost 24 trillion rubles (US$380 billion) by 2035, though the process could be impeded by US and EU sanctions on the country.
Kazakhstan’s fuel market is undergoing major changes, with the country now benefitting from a surplus of gasoline and diesel supply for the first time in years.
Irkutsk Oil Co. (INK) has rolled out plans to spend a further US$5.2 billion on developing its natural gas business within the next six years.
Russia’s Lukoil, a leading operator in the Caspian Sea, is eyeing a stake in Azerbaijan’s offshore Umid-Babek oil and gas project.